NEW YORK, NY – Netflix Inc. (NASDAQ: NFLX) shares experienced a significant surge in after-hours trading on Wednesday, April 17th, decisively breaking the psychological $1,000 barrier after posting solid gains during the regular market session.
The streaming entertainment leader closed the official trading day at 11.40, or 1.19%, compared to the previous day’s close of $961.63.
However, the most dramatic move occurred after the closing bell. In extended trading, NFLX stock jumped sharply, rising 1,006.79 per share, according to the latest data available. This push above $1,000 represents a notable milestone for investors.
During the regular session, Netflix shares saw considerable activity. The stock opened at $969.00 and traded within a range defined by a low of $956.00 and a high of $984.70. A distinct upward spike was visible on the intraday chart towards the end of the trading session, leading into the strong close.
From a valuation standpoint, Netflix carries a Price-to-Earnings (P/E) ratio of 49.06. The company, known for its growth focus, does not currently offer a dividend yield. Its market capitalization stands at approximately $416.2 Billion USD (based on the 41.62KCr figure, interpreted as $416.2 Billion).
This recent price action pushes Netflix closer to its 52-week high of $1,064.50. The stock’s 52-week low sits significantly lower at $542.01, illustrating the strong performance over the past year. Market participants will be keenly watching if this after-hours momentum translates into further gains when trading resumes.
